Trump touted bigger tax refunds this year, but Americans will likely spend them on gas
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Source: The Manila Times
Published: 2026-03-23 11:58 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Business, Energy, Economy & Finance, Tax & Budget, World News, US Politics, Business & Economy
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Snippet:
WASHINGTON — The U.S. economy was supposed to start the year with a bang, fueled by an unusually large jump in tax refunds from President Donald Trump's tax cut legislation. Yet spiking gas prices are on track to eat up those refunds, leaving most Americans with little extra to spend.
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